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Trump Leads 2024 Election Odds by 28.8% on Polymarket

Donald Trump gains a significant lead in 2024 election odds, driven by large bets on Polymarket, raising questions about voter sentiment and market accuracy.

1 min 15 secOctober 22, 2024

Highlights:

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Trump’s betting odds soar to 61% ahead of Harris.

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Major bets from key players reshape market dynamics.

Trump Leads 2024 Election Odds by 28.8% on Polymarket

Former President Donald Trump has surged ahead in the betting odds for the upcoming 2024 presidential election, with Polymarket indicating a remarkable 28.8% lead over his opponents. Recent data shows Trump’s chances of winning now stand at approximately 61%, while Vice President Kamala Harris trails at around 37%.

 

 

This significant shift in odds can be attributed to a few high-stakes bettors, dubbed "whales," who have collectively wagered nearly $30 million on Trump's victory. Four accounts—Fredi9999, PrincessCaro, Michie, and Theo4—are believed to be behind this dramatic increase in support for Trump, with their coordinated betting strategies heavily influencing market perceptions. Experts caution that the relatively low liquidity of Polymarket means these large bets can distort the overall sentiment, making it crucial to interpret these odds with caution.

 

Kamala Harris

 

While national polling averages show Harris with a slight edge, the crypto-based prediction market has become a focal point for gauging public sentiment leading up to the November 5 election. The platform's dynamics have drawn attention from political analysts and investors alike, with some suggesting that the current betting landscape may not accurately reflect broader voter intentions. As the election approaches, both candidates will likely continue to leverage these trends in their campaigns.

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